Sat, Mar 07, 2015 - Page 14 News List

Taiwan Business Quick Take

Staff writer

CHIPMAKERS

MediaTek revenue falls

MediaTek Inc (聯發科), which supplies mobile handset chips to China Mobile Ltd (中國移動) and Xiaomi Corp (小米), yesterday reported falling revenue for last month because of fewer working days and the effects of the slow season. Revenue declined 44.62 percent to NT$9.67 billion (US$307.5 million) last month, compared with NT$17.45 billion in January, MediaTek said in a filing to the Taiwan Stock Exchange. The figure was 38.52 percent lower than the previous year’s NT$15.73 billion, its lowest level in nearly two years. That brought the Hsinchu-based chipmaker’s revenue for the first two months to NT$27.13 billion, down 5.04 percent from NT$28.58 billion the previous year.

AUTOMAKERS

Yulon Nissan shares surge

Yulon Nissan Motor Co (裕隆日產), which distributes Nissan and Infiniti cars, yesterday saw its shares surge 5.45 percent to NT$300 after Yulon Group (裕隆集團) said on Thursday that it aimed to increase total annual sales by 12 percent this year to NT$400 billion. The group also said on Thursday that China would remain the world’s top market this year with sales of 25 million passenger cars, while Taiwan could see total new vehicle sales top 420,000. The group aims to sell more than 280,000 cars this year in both Taiwan and China, a company statement said.

CONGLOMERATES

Formosa Plastics’ sales drop

Formosa Plastics Group (台塑集團), the nation’s largest industrial conglomerate, yesterday said the combined revenue of its four major units decreased 28.8 percent year-on-year and 7.8 percent month-on-month to NT$111.38 billion last month. While Formosa Petrochemical Corp (台塑石化) reported sales of NT$51.01 billion last month, up 2.9 percent from January amid rebounding crude oil prices, the other three units posted sliding sales due to lower utilization rates due to the Lunar New Year holiday. Formosa Plastics Corp (台塑), the group’s flagship company, reported the largest monthly decline in sales of 26 percent last month to NT$12.66 billion. It was followed by Nan Ya Plastics Corp’s (南亞塑膠) 14.7 percent decline to NT$23.32 billion and Formosa Chemicals & Fibre Corp’s (台灣化學纖維) 9.5 percent decline to NT$24.4 billion last month.

LIGHTING

Epistar posts lower revenue

The nation’s largest LED chipmaker, Epistar Corp (晶元光電), yesterday reported monthly revenue of NT$1.86 billion (US$59.14 million) for last month, down 9.04 percent from the previous year’s NT$2.04 billion. Separately, Taiwan’s leading LED lighting and product supplier Everlight Electronics Co (億光電子), which is one of Epistar’s key customers, reported a 16.8 percent annual growth in sales to NT$2.2 billion last month. On a monthly basis, Epistar and Everlight posted sales declines of 22.82 percent and 13.38 percent respectively. In the first two months of this year, Epistar’s revenue totaled NT$4.28 billion, up 8.69 percent from the previous year, while Everlight’s revenue jumped 18.76 percent to NT$4.74 billion.

FOREIGN EXCHANGE

Nation’s reserves rise

The nation’s reserves amounted to US$417.83 billion as of the end of last month, an increase of US$1.92 billion from the previous month, the central bank said on Thursday. In a statement posted on its Web site, the bank attributed the increase to returns from the management of the reserves and the appreciation of the euro and other reserve currencies against the US dollar.

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